Politics

TAKEOVER OF MINES WILL IMPROVE DOLLAR RESERVE – KAMBWILI

By ADRIAN MWANZA

GOVERNMENT’S move to recoup and takeover the mines will have a positive impact on the country’s dollar reserve and the economy.

Patriotic Front (PF) member Chishimba Kambwili said the move by Government to get the mines back would ensure that the profits being made were brought back in the country.

Mr Kambwili said the government was looking for a partner who would get about 51 percent while it would get 49 percent.

He said this when he appeared on a call-in interview on Radio Icengelo on Saturday.

“Zambians should not be cheated because what this means is that unlike in the past when all the profits accrued were taken abroad, a huge chunk will be sent back to Zambia and pumped in the economy hence increasing our dollar reserve,” he said.

Mr Kambwili said that what was happening was that most investors were getting the profits and only sending salaries for employees and part of it to the Zambia Revenue Authority (ZRA) as tax remittances.

He said Zambians would make a very big mistake by removing the PF government because it had the interest of Zambians at heart.

Mr Kambwili said it was not President Edgar Lungu’s fault the cost of living was high in the country but that it was a global trend.

“The United Nations has indicated that the global food prices have gone up, the highest in the last 10 years,” he said.

He said people needed to give the PF time because they were trying their level best to improve the country’s economy.

Mr Kambwili said he thought it was easy to dislodge the current government the reason he joined forces with the UPND which did not go well.

He said it took China 30 years to become the giant it was and that people needed to give the PF time to complete their projects.

Mr Kambwili said that the issue of electricity was a done deal as load shedding was done away with since the country was able to produce about 2, 800 Mega Watts of power from the initial 1, 600 Mega Watts before the PF.

He also challenged Zambians not to entertain leaders that promoted tribalism.

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